1061 Queen Street Southeast
Medicine Hat, Alberta T1A1B1
2 beds• 2 baths• 945 sqft
Description
Charming Raised Bungalow in a Mature Community! Welcome to this beautifully maintained raised bungalow, perfectly located in a sought-after mature neighborhood close to Strathcona Park, scenic river pathways, schools, and daycare ideal for families of all stages! This well-built home sits on a large, fully fenced lot and offers fantastic flexibility for extended family living or a roommate, could be used as a mother in law suite. Extensive updates have been completed both inside and out, while still preserving the home’s original character and charm, your welcomed with a beautiful upgraded new front door. The main floor features: Refinished hardwood flooring, Spacious primary bedroom with room for a king-sized bed + his & hers closets, Second bedroom, Updated bathroom with step-in shower, Bright, sunny kitchen, Convenient hallway washer & dryer. The fully developed lower level offers: Cozy family room, Huge bedroom with walk-in closet (window may not meet today's egress), Bright, open kitchen space, 3-piece bathroom additional washer and dryer. The 14’ x 24’ attached garage has been recently redone and includes 220 amp service—perfect for hobbyists or projects! Also includes private entrance way into the mother in law suite. Includes Detached shed with new shingles. This home truly offers space, functionality, and location—a rare find! Call to book your private showing! (id:39198)
Facts & Features
● Building Type
House
● Year built
1949
● Square Footage
945 sqft
● Stories
1
● Bedrooms
2
● Bathrooms
2
● Parking
1
● Neighbourhood
River Flats
● Land size
--
● Heating type
Forced air
● Basement type
Finished, Full, Separate entrance
● Parking Type
--
● Time on REALTOR.ca
0 days
Brokerage Name: RIVER STREET REAL ESTATE
Home price
$278,800
Initial Deposit
I want to start the program with
an initial down payment of
Minimum 2% of the home price or $5,000 whichever is higher
The higher the initial deposit, the lower the monthly payments
Your Monthly Payment
$2,534/month
The payment includes
Rent
$2,225
Rent is rent and it won't be deducted from the buyback price.
Monthly Savings
$309
Each month, $309 is set aside toward your homeownership goal in addition to your initial down payment. This mandatory monthly savings help you achieve your savings goal.
Buyback
Here is the final price if I buy the house after:
Buyback Price
$322,746
Cumulative Down Payment
$16,137
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,137
Buyback Price
$292,740
Cumulative Down Payment
$8,712
• Initial Deposit
$5,000
• Monthly Savings x 12 months
$3,712
Buyback Price
$307,377
Cumulative Down Payment
$12,425
• Initial Deposit
$5,000
• Monthly Savings x 24 months
$7,425
Buyback Price
$322,746
Cumulative Down Payment
$16,137
• Initial Deposit
$5,000
• Monthly Savings x 36 months
$11,137
There is no minimum rental terms. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
Rent-to-Own This Home for
$2,534/month
This home is listed on realtor.ca. Requity Homes doesn‘t own it—yet. But if it fits your budget and meets our criteria, we can buy it for you through our rent-to-own program.
You move in with as little as 2% down. Part of your monthly payment builds your future down payment. You can buy back the home anytime throughout the 3-year standard rent-to-own term!
No Hidden Fees, No Hidden Costs - Requity pays legal fees, title insurance and land transfer tax when Requity buys the home upfront. Client pays for inspection.
Client initial deposit is applied directly to the down payment when clients are ready to buy the home.
Few ways to reduce your monthly payments
• Look at homes with a lower price
• Put down a higher initial down payment
• Sublet the rooms for extra income
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